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Modeling Mineral and Energy Markets - Walter C. Labys

Modeling Mineral and Energy Markets

Hardcover Published: December 2009
ISBN: 9780792383727
Number Of Pages: 176

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This book provides a framework for analyzing and forecasting a variety of mineral and energy markets and related industries. Such modeling activity has been at the forefront of the economic and engineering professions for some time, having received a major stimulus following the first oil price shock in 1973. Modeling Mineral and Energy Markets seeks to advance mineral and energy modeling by first presenting the modeling process sequentially by leading the model builder from model specification, estimation, simulation, and validation to practical model applications, including exploring history, analyzing policy, and market and price forecasting. New developments in modeling approaches are then presented which encompass econometric market and industry models, spatial equilibrium and programming models, optimal resource depletion models, input-output models, economic sector models, and macro-oriented energy interaction models. The verification and application of the models is considered individually, and also in relation to the performance of alternative modeling approaches. The modeling framework includes a perspective on new directions, so that the present model-building advice can be extended into the future.

List of Figures
List of Tables
Introductionp. 1
Essential Steps to Modelingp. 9
Economic Sector Modelsp. 13
Econometric Market or Industry Modelsp. 23
Spatial Equilibrium and Programming Modelsp. 53
Resource Exhaustion Modelsp. 73
Input-Output Modelsp. 81
Economy Interaction Modelsp. 91
Resource Balance Modelsp. 101
Transition Modelsp. 105
Evaluation of Modelsp. 107
Selection Among Approachesp. 113
The Futurep. 127
Referencesp. 135
Indexp. 173
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792383727
ISBN-10: 0792383729
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 176
Published: December 2009
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 1.91
Weight (kg): 0.99